Search Results for "uk"
British Lawmakers Sense Risks Over Use of Digital Pound
As talks about the release of a digital pound by 2025 are yet to happen, British lawmakers are already doubtful that their use could harm financial stability, raise the cost of credit and erode privacy.
Currency.com Joins UK's Crypto Trade Association CryptoUK as an Executive Member
Currency.com has officially announced that it will join CryptoUK, the trade association of the UK's encrypted digital industry, as an executive member. It commits to share best practices and recommend how the sector responds to industry developments.
U.K. Could See Crypto Exchanges Exodus before FCA Deadline
With three days until a decision from the U.K.'s regulatory body, crypto companies awaiting approval are looking at places abroad for relocation, according to Bloomberg.
UK Fund Managers Urge Regulators to Approve Blockchain-Traded Funds
UK fund managers urge regulators to approve blockchain-traded funds, suggesting this move will help the UK in line with advances in the financial ecosystem.
UK Extends Stablecoin Regulation Consultation Period, Seeks Inclusive Feedback
The Bank of England and the Financial Conduct Authority have extended the feedback deadline for stablecoin regulation to February 12, aiming for a comprehensive, inclusive regulatory framework.
Brexit Border Issues Solved by Blockchain? The EU Has Doubts
ELAND, a consortium of border security professionals, IoT experts, and haulage industry professionals, have come together with a plan to use blockchain technology to track cross-border trade after the United Kingdom leaves the European Union.
UK lacks expertise for central bank digital currency
UK is unlikely to issue a central bank digital currency (CBDC) as the Bank of England lacks the necessary technical skills, according to Jon Cunliffe, the deputy governor. The BoE plans to partner with the private sector to test a digital pound in a simulated environment, with the aim of gaining the required expertise to develop a working prototype.
London-based Micropayment Platform pingNpay to Debut in 2022
London-based micropayment company pingNpay announced Monday to launch its network next year by providing a small amount payment platform to customers, according to its press release,
Following Market Crash, BoE Governor Says Crypto Has No Intrinsic Value
Bank of England governor Andrew Bailey once again raised a warning on cryptocurrencies after the latest market slide, arguing that cryptocurrencies are not a practical means of payment, even though he considers blockchain technology undoubtedly important.
UK Chancellor Rishi Sunak Proposes Crypto Adoption and CBDCs as Priority for Treasury Reform
The Chancellor of the Exchequer Rishi Sunak has listed crypto adoption and CBDCs amongst the Treasury's focus demanding reforms in the future.
UK Parliamentary Group Seeks Public Comment for Shaping Ecosystem in Crypto Sector
The United Kingdom’s Crypto and Digital Assets All Party Parliamentary Group (APPG) is calling for public comments as it commences its inquiry into the emerging blockchain ecosystem in the UK.
UK's 2023 Economic Outlook Report: Inflation Surges, Growth Adjusted Downward
The UK's economic forecast for 2023 has been revised downwards to 2.8% due to global supply chain disruptions and energy price surges. Inflation is expected to average 3.5%, surpassing the Bank of England's 2% target. The job market is expected to recover, with a 5.3% average increase in house prices. The Bank of England may raise interest rates to 1.5% due to inflation.
